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Congress Financial Reform

  • *How rival cities compare to London: http://tmsnrt.rs/2ey4wqb. LONDON/ FRANKFURT Feb 1- Regulators in European countries competing for post-Brexit banking business are offering London- based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move their European...

  • LONDON, Jan 31- Global banks must plan for a "hard" Brexit or risk breaching regulatory requirements and disrupting business, according to an industry report seen by Reuters, the first since Prime Minister May said she would take Britain out of the single market. The findings offer stark reading on what lies ahead for banks as they attempt to devise strategies to...

  • LONDON, Jan 31- Britain's financial regulator fined Deutsche Bank 163 million pounds for serious failings in relation to anti-money laundering controls, it said on Tuesday. The fine was the biggest ever imposed by the Financial Conduct Authority or its predecessor, the Financial Services Authority in relation to failings in anti-money laundering...

  • LONDON, Jan 31- Britain's financial regulator fined Deutsche Bank 163 million pounds for serious failings in relation to anti-money laundering controls, it said on Tuesday. The fine was the biggest ever imposed by the Financial Conduct Authority or its predecessor, the Financial Services Authority. On Monday, New York's banking regulator said Deutsche Bank...

  • By Francesco Guarascio and Huw Jones. LUXEMBOURG/ LONDON, Jan 30- The European Union should create a publicly-funded asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. In a speech in Luxembourg on Monday, EBA Chairman Andrea Enria sketched out how...

  • LUXEMBOURG/ LONDON, Jan 30- The European Union should create an asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an...

  • LONDON, Jan 30- The European Union should create an asset management company to scoop up a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an average bad loan...

  • NEW YORK, Jan 27- Nasdaq Inc no longer plans to charge additional fees to access key data essential for stock market operations following complaints of price gouging from other exchanges, trading firms and an industry trade group, according to a regulatory filing. But Nasdaq's latest proposal drew opposition from exchange operators Bats Global Markets and...

  • SAO PAULO, Jan 26- The Brazilian central bank's recent easing of reserve requirements for commercial lenders could lead to a more business-friendly oversight of the industry and more credit issuance, Banco Santander Brasil SA's top executive said on Thursday. Indications that central bank policymakers could slash the overnight lending rate to...

  • SAO PAULO, Jan 26- The Brazilian central bank's recent decision to ease reserve requirements for commercial lenders could lead to less state oversight of the industry, paving the way for more credit, Banco Santander Brasil SA's top executive said on Thursday. Indications that central bank policymakers could slash the overnight lending rate to single-digit...

  • FRANKFURT/ LONDON, Jan 25- German regulators will meet more than 20 foreign banks on Monday to spell out requirements for moving some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans to win over business from London after Brexit. The meeting, the first such gathering of its kind in Germany, is being hosted by financial...

  • FRANKFURT/ LONDON, Jan 25- German regulators will meet more than 20 banks on Monday to spell out requirements for relocating some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans to win over business from London after Brexit. The meeting, the first such gathering of its kind in Germany, is being hosted by financial...

  • BEIJING, Jan 25- China's banking regulator issued guidelines on Wednesday calling for the country's financial institutions to strengthen their control and management of funding for outbound investment. China is seeking to rein in capital outflows after sluggish economic growth and a strong dollar helped push the yuan down 7 percent last year, its biggest...

  • NEW YORK, Jan 20- Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to clients. Such a move would make it cheaper for investors to buy and sell small-cap stocks and niche ETFs, spur more...

  • WASHINGTON, Jan 11- Republicans on Wednesday passed a bill in the House of Representatives that touched on nearly every step U.S. agencies take in creating and applying new rules, continuing their blitz to radically reform "abusive" federal regulation of areas from the environment to the workplace. The legislation would give President-elect Donald Trump...

  • NEW YORK, Jan 10- Exchange operator NYSE, which includes the New York Stock Exchange and is owned by Intercontinental Exchange Inc, will end floor trading on. NYSE MKT, the former American Stock Exchange, or AMEX, was acquired by NYSE predecessor, NYSE Euronext, in 2008 for $260 million to help boost its options, exchange traded funds and cash equities businesses.

  • NEW YORK, Jan 10- Exchange operator NYSE, which includes the New York Stock Exchange and is owned by Intercontinental Exchange Inc, will end floor trading on. NYSE MKT, the former American Stock Exchange, or AMEX, was acquired by NYSE predecessor, NYSE Euronext, in 2008 for $260 million to help boost its options, exchange traded funds and cash equities businesses.

  • WASHINGTON Jan 9- A banking regulator on Monday sued Bank of America Corp over $542 million in deposit insurance that it said the second-largest U.S. bank "refuses to pay." Specifically, the FDIC points to "counterparty risk" or the danger that another leading financial firm could fail and cost Bank of America. The FDIC declined to comment.

  • LONDON, Jan 9- A U.S. banking regulator fined HSBC $33 million on Monday for past failings in its administration of some bank accounts, and ended business restrictions it had placed on the lender because of the problem. The Office of the Comptroller of the Currency, which oversees leading national banks, said it assessed the civil penalty against HSBC for failing...

  • LONDON, Jan 9- A U.S. banking regulator fined HSBC $33 million on Monday for past failings in its administration of some bank accounts, and ended business restrictions it had placed on the lender because of the problem. The Office of the Comptroller of the Currency, which oversees the U.S. federal banking system, said it assessed the civil penalty against HSBC for...